You guys complaining about pips have no clue what your talking about.
Severance is 2 weeks per year right? Let's say youve been with the company 5 yrs. That's 10 weeks of pay. (2.5 months)
Pip is
Step 1: review
Step 2: documented counseling
Step 3: written
Step 4: final written
Step 5: review for termination.
If somehow you couldn't hit 80% of the quota to even avoid this process, and you missed targets so bad in consecutive months, it would be a minimium of 4-5 months to "pip you out". That's 16-20 weeks of pay.
Now.....Which would be cheaper....Pip process or severance.
If you can do math the answer is clear. So stop with the pip is why there's no severance because it makes zero mathematical sense.